JBT files audited financials for 2021-2023 in support of Marel takeover offer

JBT MAREL Corp

FY 2023 revenue $1.66B (+5% YoY); operating income $164.7M vs $132.6M in 2022.
Continuing ops diluted EPS $4.02 in 2023, up from $3.23 in 2022.
Cash from AeroTech sale boosted cash to $483.3M at Dec 2023 from $71.7M.
Long-term debt reduced to $646.4M from $977.3M; used proceeds to pay down debt.
Changed inventory costing method from LIFO to FIFO in 2023, impacting comparability.

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